Scotiabank raised the firm’s price target on Elastic (ESTC) to $135 from $92 and keeps an Outperform rating on the shares. The company delivered a strong print, and the firm’s checks continue to show Elastic is well positioned to benefit from generative AI adoption, the analyst tells investors. The firm sees nice optionality for Elastic into 2025.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
